News Section Logo NEWS - Return to news section

 

RealDVD is Already $6M in the Hole

Posted by: , 10:40 AEST, Tue May 12, 2009

Permanent Link     Add Comments
submit to reddit
The trial between Hollywood and the RealDVD software will end up costing RealNetworks about $6 million dollars in legal fees

RealNetworks has gone on record saying legal fees have already amounted in excess of $6 million dollars.  RealNetworks posted a loss of $12 million dollars for the first quarter of 2009 compared to last years $2.5 million profit for the same quarter.

Hollywood will do everything in its power to see that ReadDVD software never sees the light of day.  Their biggest fear is that piracy would run rampant with people doing the three R's (Rent, Rip, & Return).

ReadDVD allows consumers to make a digital file of DVD content and save it to their PCs.


Comments:

Related News:

News Icon Legal DVD Ripping

posted by: Jonathan M, 23:42 AEST, Wed September 10, 2008

News Icon DivX Codec Updates to Version 7.2.2

posted by: Jonathan M, 15:29 AEDT, Thu November 26, 2009

News Icon Do You Want to Backup Your DVDs

posted by: Jonathan M, 12:05 AEST, Wed April 22, 2009

News Icon Theaters on path to digital films

posted by: Sean F, 15:36 AEDT, Mon December 19, 2005

News Icon Biggest Loss in 14 Years

posted by: Jonathan M, 09:23 AEDT, Fri January 23, 2009